Kaminsky's Call: Let This Stock Feed Your Inner Yield Hog

Public Storage Inc.
Getty Images
Public Storage Inc.

Say it together now: stocks are not bonds. You don't buy them purely for income.

But if you must, there is one name that's titillating my inner yield hog.

If you're looking to double down on dividends, my call-to-action is to consider Public Storage, and here's why:

While the 10-Year Treasury currently yields just under 3 percent, Public Storage, a real estate investment trust, sports a dividend that is just shy of 3.25 percent. Close numbers for sure, but at least with PSA you have a shot of capital appreciation.

And that's the beauty of PSA as an income play; it will not only provide you with a steady stream of cash, but it could also help you grow your capital.

The fundamentals of Public Storage are very strong. In good times and bad, PSA offers something everyone wants: space.

Specifically, PSA offers storage space for both business and personal use. And that allows the company to do well in good times and bad as there is never a shortage of people or companies that need to move and store items.

Of course, this REIT will likely not double over the next year as it is a slow-growth name. But that's not really the point. In a low-rate environment like the one were in, PSA should likely appreciate while it generates cash, giving yield-hungry investors a good place to store cash.

Related Links:

"The Strategy Session," hosted by David Faber and Gary Kaminsky, airs weekdays at Noon ET on CNBC.

Gary Kaminsky does not hold any equity positions.

The content of this blog is published in the United States of America and persons who access it agree to do so in accordance with applicable U.S. law.

All opinions expressed in this blog are solely the opinions of Gary Kaminsky and do not reflect the opinions of CNBC, NBC UNIVERSAL or their parent company or affiliates, and may have been previously disseminated on television, radio, internet or another medium. You should not treat any opinion expressed by Mr. Kaminsky as a specific inducement to make a particular investment or follow a particular strategy, but only as an expression of his opinion. Mr. Kaminsky’s opinions are based upon information he considers reliable, but neither CNBC nor its affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Mr. Kaminsky, CNBC, its affiliates and/or subsidiaries are not under any obligation to update or correct any information provided on this website. Mr. Kaminsky’s statements and opinions are subject to change without notice. No part of Mr. Kaminsky’s compensation from CNBC is related to the specific opinions he expresses.

Past performance is not indicative of future results. Neither Mr. Kaminsky nor CNBC guarantees any specific outcome or profit. You should be aware of the real risk of loss in following any strategy or investment discussed on this website or on the show. Strategies or investments discussed may fluctuate in price or value. Investors may get back less than invested. Investments or strategies mentioned on this website or on the show may not be suitable for you. This material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. You must make an independent decision regarding investments or strategies mentioned on this website or on the show. Before acting on information on this website or on the show, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment adviser.